Verafin, now a part of Nasdaq, offers cloud-based Financial Crime Management solutions for fraud detection, AML/CFT compliance, and high-risk customer management. Their services leverage AI and machine learning to reduce false positives and enhance financial crime detection. The target audience includes over 2,500 financial institutions globally. Verafin's unique selling proposition is its consortium data approach, combining analytics with AI to deliver context-rich insights, making it a leader in financial crime prevention. This approach significantly improves detection efficiency and reduces costs for clients, setting it apart in the industry[1][2][3][5].